Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="35years" data-source="post: 2050262" data-attributes="member: 60822"><p>As I am sure you are aware the pension that you are talking about is the Teamster/UPS pension not the Central States fund which it replaced only for UPS employees.</p><p></p><p>There are still a lot of Central States Teamsters retirees out there who are facing massive cuts.</p><p></p><p>The new Teamster/UPS pension is currently in great shape, but since the passage of the law that allows pension benefits to be cut to save multi-employer funds from insolvency, all bets are off regarding future changes to any plan.</p><p></p><p>A promised monthly benefit for the rest of your life should now be seen as a promised benefit until we need to change it.</p></blockquote><p></p>
[QUOTE="35years, post: 2050262, member: 60822"] As I am sure you are aware the pension that you are talking about is the Teamster/UPS pension not the Central States fund which it replaced only for UPS employees. There are still a lot of Central States Teamsters retirees out there who are facing massive cuts. The new Teamster/UPS pension is currently in great shape, but since the passage of the law that allows pension benefits to be cut to save multi-employer funds from insolvency, all bets are off regarding future changes to any plan. A promised monthly benefit for the rest of your life should now be seen as a promised benefit until we need to change it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
Top